Short Sales Are Typically Chosen Option To Avoid a Foreclosure, How Does This Work in Moorpark?

With the housing market still attempting to make its recovery, buyers are still looking for a good deal and homes being sold as short sales could be the deal they are looking for. Sometimes many Moorpark buyers can come and go during a seller’s short sale, but that is why it is important to have a competent short sale specialist from the beginning, to make sure your house is “buyer friendly” and all of the requirements asked by your lender are met.

The short sale process can be a drawn out process, but upon completion, will show its true benefits. Depending on the state, and whether the short sale was a traditional short sale or the HAFA short sale, a homeowner will be forgiven of the deficiency after the short sale; meaning you will not be held accountable to pay the difference. With a foreclosure, you will be addressed with fees and many years of “foreclosure” lingering to your credit.

Short sales offer incentives to the qualifying homeowner to help with relocation fees. The Home Affordable Foreclosure Alternative government program will offer $ 3,000 cash back after the short sale. A short sale can also profit the lender by helping them to avoid a costly foreclosure; the lender understands their loss with a short sale, but also comprehends their gain of avoiding foreclosure.

I can help you short sale your property and get back on your feet. Send me an e-mail at cjohnson@prucalhomes.com. I will contact you for a free consultation.

When we talk, I will explain how the process works in detail and answer any questions you may have. Or, if you prefer, you can call me at 805-208-0823

Discover how other sellers successfully completed a short sale and request a free consultation by clicking here.

Thinking about a loan modification? Our Ventura County loan modification kit has the instructions you will need to get a loan modification approved with your bank. Click here to request a copy.

Short sales have been helping homeowners avoid foreclosure since the housing market started taking its fall back in 2007. Short sales are becoming popular because of the little impact it has on a homeowner’s credit. A foreclosure can make it almost impossible to qualify for a loan for seven years, while a short sale can recover in as little as two years. Short sales can be a lengthy process, but with the help of a short sale specialist, you won’t have to worry about negotiating to constant communication with the lender. The service of a short sale specialist is free to the homeowner and is just another perk to opting for a short sale.

For Disclosure, and more information on Mortgage Assistance Relief Services, please see Code 16 of Federal Regulations (FTC), Part 322, or , http://www.ftc.gov/opa/2010/11/mars.shtm and always consult your CPA, Accountant, Financial Advisor and Attorney before you any financial or legal decisions. Also seehttp://venturacountyshortsalerealtor.com/?p=1066.

Helping Moorpark home owners avoid foreclosure with a short sale.
Chris B Johnson specializes in short sales in Moorpark .I am your Moorpark Short Sale Specialist Realtor and Moorpark loan modification and distressed property expert. This article and content is for general informational purposes and may not be accurate. This should not be taken as legal advice, technical or tax advice under any circumstance. Seek legal advise and representation in all legal matters.

Seek legal advise and representation in all legal matters. The above brokerage company is not affiliated with the government and its services may not be approved by your lender. We do not recommend that you stop paying your mortgage. Even if you use our services, your lender may not agree to change the terms of your loan or accept a short sale.